Get started

Niftyanalysis

Nifty daily analysis for 03/02/23.Nifty is taking support from the 200 ema. It is testing the 200 ema and there is a buying happening near the level. The market has formed an inside candle and consolidated in a range whole day. On the hourly charts, nifty rremained in first hour candle and closed near the 20 ema. There was a bullish candle in the last hour of the session and being expiry market remained silent. On the 15 minute time frame, market has closed between both the moving averages. Market can give nice move either side as the market has consolidated whole day. Support :- 17515, 17435 Resistance :- 17630-40, 17687 Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
FASP levels for Nifty 03/02/2023The FASP for Nifty is listed for 03-02-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTYLong
by SathishChandrasekaran
NIFTY Intraday Trade Setup 3 Feb 2023NIFTY Intraday Trade Setup 3 Feb 2023 Buy-Above 17680 Sl-17630 T- 17825 18000 Sell- Below 17490 Sl-17540 T- 17355 17165 NIFTY has closed on a complete absolute flat note today. Yesterday it was clearly told that I will avoid trading today. As it was very obvious that it was likely to trade in a sideways note. As IV spiked yesterday and its cool off was expected. Whenever this situation comes into scenario trend becomes dead or a dead momentum will be seen. So has happened today. And this is likely to happen tomorrow also. Index has formed a range in 15 Min and this range shift will give any direction. Coming to Friday's trade setup, if index opens flat and a 15 Min candle closes above 17680 then we will long for the target of 17825 and 17970-18k For selling we need a 15 Min candle close below 17490. T- 17355. Below 17350 it will test 17165. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
NIFTY CONFIRM TARGETS FOR 03 feb 2023 NIFTY SUPPORT AND RESISTANCE FOR F&O DAY TRADING Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 17434 - 17445 Second Support Zone For nifty50 – 17348 - 17364 Third Support Zone For nifty50 – 17143 - 17161 Resistance Zones For nifty Intraday Trading First Resistance Zone For Nifty – 17656 - 17668 Second Resistance Zone For Nifty – 17775 - 17790 Third Resistance Zone For Nifty – 17935 - 17950 Importent Signal from Nifty Option Chain PCR ratio as per Option Chain Analysis – 0.78 ( Bearish ) Max Pain As per Option Chain Analysis – 17650 Major Support as Per Nifty Open Interest Analysis – 17350 Major Resistance as Per Nifty Open Interest Analysis – 18000 Conclusion - Nifty in consolidation zone , Wait for Breakout Try To Buy Future Conract or Call Option Near Support Zone and Book Profit At Rsistance Zone Try to Short nifty at every Resistaance and Book Profit Near Support Zone Adani Group issue is Major Concern for Market now .
NSE:NIFTY
by manojshinde27
NIFTY Intraday Trade Setup For 2 Feb 2023NIFTY Intraday Trade Setup For 2 Feb 2023 Buy-Above 17680 Sl-17630 T- 17825 17970 Sell-Below 17350 Sl-17400 T-17165 17000 NIFTY has closed on almost flat note with just 45 points cut. Today's range is extremely big, more than 600 points. Its an obvious wild day due to Union Budget. It was positive till noon. Exactly at 1 PM it made a top and fell sharply and ended in red. BTW despite volatility trade setup last day trade setup acted as a strong plan. Since this range is too big I will personally avoid trading tomorrow and probably this week. Let this volatility settle as moves and swing are wild and big. Coming to Thursday's trade setup, if index opens flat and a 15 Min candle closes above 17680 then we will long for the target of 17825 and 17970-18000. For selling we need a 15 Min candle close below 17350. T- 17165 and 17000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:NIFTY
by Omahto
Nifty weekly analysis for 02/02/23.The budget day volatility has created a long wick doji and a big range of 600 points in nifty. The market has closed between both the moving averages. In the first half the market consolidated and has given both side move after the break out of the zone. On the hourly charts, the market has closed below both the moving averages. Nifty has closed almost flat and the option premiums are now stable. The budget has pumped up the premiums. The violent move has created a confusion and tomorrow being an expiry will be difficult to trade. Support :- 17560, 17436 Resistance :- 17687, 17817 The global markets are showing some negative intent and if nifty starts trading below 17430 levels, bearish trades can be initiated as there is a gap pending. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
NIfty - Tougher days ahead with 17100 a possibility next weekNifty after a wild budget day took support at the gap area of 17310-17350 and made a rapid recovery back to 17600. A trendline can be drawn that connects the Covid low, the recent swing bottom of 15183 from which we achieved ATH and today's low. A Fib retracement drawn from ATH 18887 and swing bottom of 15183 indicates that Nifty is just above its 38.2% retracement area. There is a possibility that Nifty might break the trendline next week followed by a break of 17400-17450 region would drag it down to 17014-17094 area which is the next gap area for Nifty. It is also the 50% retracement area of mentioned Fib high and low. Might not happen this week because of extreme bearish positioning in options and futures by FIIs make it incredibly difficult to short because of possibility of short covering. Let's wait and watch the weekly closing this Friday which would give further indication of the move next week. Happy Trading and Best of Luck!! Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own research before entering into a trade.
NSE:NIFTYShort
by DashSam
FASP levels for Nifty 02/02/2023The FASP for Nifty is listed for 02-02-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTYShort
by SathishChandrasekaran
NIFTY CONFIRM TARGETS FOR 02 feb 2023 NIFTY SUPPORT AND RESISTANCE FOR F&O UNION BUDGET DAY TRADING Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 17434 - 17445 Second Support Zone For nifty50 – 17348 - 17364 Third Support Zone For nifty50 – 17143 - 17161 Resistance Zones For nifty Intraday Trading First Resistance Zone For Nifty – 17656 - 17668 Second Resistance Zone For Nifty – 17775 - 17790 Third Resistance Zone For Nifty – 17935 - 17950 Importent Signal from Nifty Option Chain PCR ratio as per Option Chain Analysis – 0.54 ( Bearish ) Max Pain As per Option Chain Analysis – 17750 Major Support as Per Nifty Open Interest Analysis – 17350 Major Resistance as Per Nifty Open Interest Analysis – 18000 Conclusion - Try To Buy Future Conract or Call Option Near Support Zone and Book Profit At Rsistance Zone Try to Short nifty at every Resistaance and Book Profit Near Support Zone Adani Group issue is Major Concern for Market now .
NSE:NIFTY
by manojshinde27